Regulations Governing the Administration of Credit Rating Agencies Article 16
A credit rating agency shall formulate organization bylaws to define the internal organization, number of personnel and titles, and report the same to the FSC for recordation; the same procedure shall apply to any amendments thereto.The internal control system of a credit rating agency and its yearly internal audit plans shall be established and carried out in accordance with the Regulations Governing the Establishment of Internal Control Systems by Service Enterprises in Securities and Futures Markets, and in addition shall include the following items:1.Management of the credit rating process, including the operation of the rating committee, the appropriateness of credit rating models and methodologies and their review procedures, retention of credit rating records, measures to maintain confidentiality of non-public information, and complaint handling mechanism.2.The compliance system for maintaining the independence of credit ratings and its implementation.3.Controls for information disclosure to be made in accordance with Article 15.Any credit rating agency already established and registered prior to the time the 31 December 2015 amendments to these Regulations take effect shall amend its internal control system in accordance with the provisions of the preceding paragraph, and submit the amended version to the FSC for recordation, within six months from the date on which the amendments take effect.A credit rating agency shall evaluate the appropriateness when adopting or amending the credit rating methodologies, models, and key assumptions, and shall periodically review them. When the nature of the asset risk represented by the rated entity or the rated instrument, or the applicable credit rating methodologies, models and key rating assumptions change, a new assessment of the appropriateness of the credit rating results shall immediately be undertaken, and any necessary measures shall be taken.A credit rating agency conducting credit rating shall establish a credit rating committee, which shall be responsible for the final decision of the credit rating results. The provisions of Article 6, paragraph 1 and Article 16, paragraph 1 shall apply mutatis mutandis to the qualifications of the members of the credit rating committee.
中文原文 信用評等事業管理規則第16條
信用評等事業內部單位之組設、員額編制及職稱等事項，應訂定組織規程，報本會備查，修正時亦同。
信用評等事業之內部控制制度及年度內部稽核計畫，除應依證券暨期貨市場各服務事業建立內部控制制度處理準則辦理外，尚應包括下列項目：
一、評等程序之管理：包括評等委員會之運作、評等模型與方法之適當性與其檢視程序、評等紀錄之保存、非公開資訊之保密措施及申訴處理機制。
二、評等獨立性之遵循制度與執行。
三、依第十五條規定進行資訊公告作業之控制。
本規則中華民國一百零四年十二月三十一日修正施行前已完成設立登記之信用評等事業，應於修正施行之日起六個月內，依前項規定修正內部控制制度，並報本會備查。
信用評等事業於訂定或修正信用評等方法、模型及關鍵性假設時應評估其適當性，並應定期檢視；當受評等機構或受評等標的所表彰之資產風險特性、所適用之信用評等方法、模型或關鍵性假設改變時，應即時重新評估評等結果之適當性，並為必要處置。
信用評等事業從事評等時，應設置評等委員會，負責評等結果之最終審定；評等委員會委員之資格，準用第六條第一項及第十七條第一項各款之規定。
信用評等事業之內部控制制度及年度內部稽核計畫，除應依證券暨期貨市場各服務事業建立內部控制制度處理準則辦理外，尚應包括下列項目：
一、評等程序之管理：包括評等委員會之運作、評等模型與方法之適當性與其檢視程序、評等紀錄之保存、非公開資訊之保密措施及申訴處理機制。
二、評等獨立性之遵循制度與執行。
三、依第十五條規定進行資訊公告作業之控制。
本規則中華民國一百零四年十二月三十一日修正施行前已完成設立登記之信用評等事業，應於修正施行之日起六個月內，依前項規定修正內部控制制度，並報本會備查。
信用評等事業於訂定或修正信用評等方法、模型及關鍵性假設時應評估其適當性，並應定期檢視；當受評等機構或受評等標的所表彰之資產風險特性、所適用之信用評等方法、模型或關鍵性假設改變時，應即時重新評估評等結果之適當性，並為必要處置。
信用評等事業從事評等時，應設置評等委員會，負責評等結果之最終審定；評等委員會委員之資格，準用第六條第一項及第十七條第一項各款之規定。